78th FRIDAY ELEPHANT TREASURY UPDATE
Hello, everyone!
This is the 78th Friday report on the Elephant Treasury covering 79 weeks of Bertha progress and activity.
A FEW REFLECTIONS
1. BUSD Treasury Growth
Over the course of Futures’ history (1/21/2023 is its launch date), the BUSD Treasury has been gaining size on a consistent and weekly basis:
· January-March 2023: weekly levels averaged $72,000
· May-July 2023: $98,000
· August 4, 2023-Oct 20, 2023: $168,000.
· October 20,2023-November 17, 2023: $293,000
These growing trends of the BUSD Treasury tend to trace over the growing trends of EM Futures.
Why is BUSD Treasury growth such a positive statistic?
· BUSD Treasury serves Bertha by purchasing Elephants that are transferred to Bertha so that she can grow in her token count, which in turn leads to greater value for Bertha. The more in the BUSD Treasury the more it can feed Bertha.
2. The “Second Flippening” Grows Ever Closer
Bertha token dominance continues to rise as she draws closer to the total Elephant participant counts.
1.5 years ago 118 trillion Elephants separated the Elephant Treasury from the total Elephants owned by participants.
Now only 13 trillion Elephant tokens separating those two parties. 203.37T vs. 190.35T .
Bertha token dominance means token price stability and token price appreciation.
3. Futures’ “Longer and Stronger” Theme Continues to Fit
The longer Futures exists, the stronger it gets.
· Deposits: Participation in Futures has leveled off the last two weeks at 39 new participants each week, but 17 of the Top 22 weekly Futures cumulative deposits have occurred in the last 17 weeks.
17 for 17!
Previously to those 17 weeks, only 4 out of 24 weeks reached the Top 22.
At 2,814, we have 8x more participants than we did the first weeks of Futures (350), so we have 8x more people who make periodic deposits.
BERTHA TOKEN GAINS
For the 42nd time in the last 43 weeks (.977), Bertha’s weekly token growth has eclipsed the 1-trillion mark. The only week she did not gain 1 trillion tokens, she gained 900 billion.
· In the previous 36 weeks before Futures’ launch, Bertha grew over 1 trillion in a week only 11 times (.306).
• This week Bertha grew 3.05 trillion Elephants to 190.35 trillion Elephants. This is the eighth highest week of token growth in 79 weeks of Bertha coverage and the highest token gain in over three months.
TOP 21 ET GAINS SINCE MAY 19, 2022 (20 ranks)
1) 6.55 on May 19,2022
2) 5.13 on January 27, 2023 (First week of Futures)
3) 5.02 on August 18, 2023
4) 3.91 on February 3, 2023
5) 3.24 on July 14, 2023 (First week of NFT minting)
6) 3.12 on June 23, 2023
7) 3.11 on August 11, 2023
8)3.05 on November 17, 2023
9) 2.94 on August 19, 2022
10) 2.93 on October 6, 2023
11) 2.49 on October 13, 2023
12) 2.48 on August 4, 2023
13) 2.46 on May 12, 2023
14) 2.35 on February 10, 2023
15) 2.31 on June 30, 2023
16) 2.16 on March 31,2023
16) 2.16 on July 28, 2023
18) 2.10 on May 5, 2023
19) 1.93 on June 16,2023
20) 1.91 on May 19, 2023
20) 1.91 on March 10, 2023
· 43 weeks coincides with the weeks that Futures has been in existence.
· Futures users love Futures; so does Bertha, and so does the entire EM system.
BERTHA VALUE
Bertha’s value stepped back to late October levels this past week, seeing a value drop of $7,074,000 to $77,957,000 from $85,031,000.
Bertha’s value still stands at over 6.5 times her value back on January 21, 2023.
THE IMPACT OF FUTURES ON BERTHA
Bertha has risen by 87.70% in Elephant tokens since the launch of Futures on January 21, 2023–2.04% per week.
Since Futures’ launch, Bertha has added 88.94 trillion Elephants to its size — an average of 2.07 trillion Elephants per week over 43 weeks. Last week the weekly average was 2.05 trillion.
TARGETING TIME: 200T Elephants in Bertha
As we target 200T, we use the Futures-launch average (43 weeks now; 2.07T),
but we also are averaging from 9/29 (after reaching 175T) (8 weeks now; 2.14T).
Method 1:
2.07T average: 4 weeks, 5 days (December 20, 2023) Last week: (December 23, 2023)
Method 2:
2.14T average: 4 weeks, 4 days (December 19, 2023)
Last week: (December 24, 2023)
FUTURES WEEKLY GAINS
New Futures participation rose to 2,814, which was a 39-wallet rise — the same as last week. Last week, 62 Future wallets were added (2,775).
Futures’ deposits had its second-highest weekly rise in deposits — the second time that it eclipsed the $1M mark — $1.370M to $19.800M.
Last week was the fifth-highest weekly total ever: $761K, giving us a total then of $18.430M.
Over $6.75M has been deposited into Futures over the last 7 weeks.
Futures’ TVL rose another $1.950M to $27.834M — second-highest weekly TVL. Last week’s rise was $1.222M to $25.884M. 6 of the last 7 weeks has seen $1M+ in weekly TVL growth.
People have again been busy compounding, expressing a persistent confidence in Futures.
WATCHING EMU NFT GROWTH
EM Unlimited minting contributes proceeds directly to Bertha. This week we saw 67 mints from 11,723 to 11,790, following 72 mints the previous week.
Current NFT APR: 26.39%
Last week’s NFT APR: 29.19%
⬇️ 2.80 percentage points.
Lowest NFT APR: 22.55% (10/13/2023)
⬆️ 3.84 percentage points.
WEEKLY WATCH ON THE ELEPHANT LPs
55.9T Elephants in the BNB Pool
⬆️2.2T for the week.
$0.0₆4094 ⬇️10.45%
44.1T Elephants in the BUSD Pool
⬆️2.1T for the week.
$0.0₆4183 ⬇️8.97%
100T total Elephants remaining:
⬆️4.3T for the week.
Since May 9, we have seen a total of 80.1T Elephants removed from the LPs: ⬇️44.5%.
97.7T Elephants removed from the LPs, ⬇️54.2% were the highest marks recorded back on 9/29/23.
Many talents are promoting the EM cause, and we are anticipating even greater EM promotional support in the future. Thanks to all for your dedication.
See you soon, the Lord willing!
